OpenSea, the leading NFT marketplace by trading volume, announced that it was migrating to Seaport, a new open source protocol.

According to their blog post, OpenSea claims the transition may drastically slash platform transaction costs, decreasing gas fees by around 35%. Subscribers will also save $460 million US Dollars as a result of the changeover within the next year.

Along with the lower gas fees, Seaport will allow OpenSea to do away with initiation fees and make its wallet signatures ?easier to read and understand.?